The Bank of Credit & Commerce International’s (BCCI) most notorious acts were hatched out of its Karachi branch, where the bank’s Black Network (BN) operated. BN was a global intelligence and enforcement unit that specialized in transporting arms, drugs and gold. BN operations overlapped with the operations of CIA, Israeli Mossad, the Pakistani ISI and Saudi intelligence, all of whom had accounts at BCCI. BN served as middleman for Saudi aid to both the Nicaraguan contras and the Afghan mujahadeen, aid which was being solicited by Richard Secord. [1]

BN worked extensively with the Israeli Mossad to coordinate Israeli arms deals, especially to Arab countries. Saudi billionaire Adnan Khashoggi was often at the middle of these deals, along with Manucher Gorbanifar, the former SAVAK agent for the Shah of Iran, whose prowess in the fine arts of torture had landed him a job at Mossad.